628 B
628 B
+++ title = "the problem with universal basic income" summary = "market forces on basic needs need to be abolished" date = "2018-03-16T02:00:00-00:00" source = "https://mastodon.social/@trwnh/99691112300163044" +++
my only problem with UBI is if you're going to guarantee a basic income then why not just guarantee the basics and cut down on the bureacracy? also you can't just give everyone a lump sum of money and not expect a market to react to that flood of monetary supply -- market forces on basic needs need to be abolished
tldr UBI is a bandage on capitalism in the same way the New Deal was, but even less accountable